To me it looks as if we are going back and forth for the time being and I would usually deem this time to be perfect to get into the DCA process. When you have an asset that has more upside than downside potential and it goes sideways for a while, then that's the time to make the right call and build your position with whatever disposable means you have available either in intervals or as a lump sum.

I am saying that we are going sideways because this up and down of a few thousand dollars never meant a lot in bitcoin. Google searches are relatively low but stable and so are the long-/short ratios on coinglass.com. By the way, these metrics don't mean that it couldn't blow up in the next few hours and go to $100k. What I am saying is that this rather represents a true opportunity than a gamble.

If you only get started with your investment when the hype is on full fire and it is in the media everywhere again and the long-/short ratios are strongly shifting in favor of long positions, you might already have left value on the table.

For a long term approach it doesn't really matter whether you get in at 67k or 61k. The road to 100k is already settled anyway in my opinion and it shouldn't be a threshold to sell either. Some people might say once we reach 100k, I take profits. I think that would be a huge mistake unless there are special circumstances that make it the best option for you personally.

I believe once we reach six figures aka 100k, the potential rise afterwards can go faster than some people imagine. When bitcoin hit 10k, the magical five figure threshold has fallen and 20k didn't feel as wild anymore as 10k always felt although it is far more money that's need to go from 10k to 30k than is needed to go from 1k to 10k. But it is psychology. It feels unreal to go from 1k to 10k, weirdly enough, more unreal than going from 10k to 30k.

That's why I think you'd rather be in the market before it hits 100k because by then we might see a new push 300k as people say "six figures is six figures". It's interesting how magical this 100k threshold is. It is as unreal as 10k once was.